• Aqua Sol receivership

Greek hotel manager Aqua Sol has been placed in receivership. The group has 15 hotels in Cyprus, Rhodes and Crete, and has debts of EUR99m, reports the Cyprus Mail.

The receivers will continue to trade the group’s hotels. The group was founded as Narcissos Hotels in 1992, and was renamed Aqua Sol ahead of a 1999 listing on the Cyprus stock exchange. 
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